Franklin Resources Inc. lessened its holdings in Duluth Holdings Inc (NASDAQ:DLTH) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,729,678 shares of the company’s stock after selling 88,232 shares during the period. Franklin Resources Inc. owned about 5.92% of Duluth worth $54,415,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in DLTH. Rhumbline Advisers purchased a new stake in Duluth during the 3rd quarter worth approximately $229,000. Oppenheimer & Co. Inc. purchased a new stake in Duluth during the 3rd quarter worth approximately $263,000. Jane Street Group LLC purchased a new stake in Duluth during the 2nd quarter worth approximately $205,000. Sterling Capital Management LLC purchased a new stake in Duluth during the 2nd quarter worth approximately $504,000. Finally, US Bancorp DE increased its stake in Duluth by 72.3% during the 2nd quarter. US Bancorp DE now owns 22,861 shares of the company’s stock worth $544,000 after buying an additional 9,595 shares in the last quarter. Hedge funds and other institutional investors own 39.85% of the company’s stock.
Several research firms have commented on DLTH. BidaskClub lowered Duluth from a “strong-buy” rating to a “buy” rating in a research note on Saturday. ValuEngine lowered Duluth from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet upgraded Duluth from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Zacks Investment Research lowered Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Duluth has a consensus rating of “Hold” and a consensus target price of $31.75.
In other news, insider Stephanie L. Pugliese sold 2,830 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $31.18, for a total transaction of $88,239.40. Following the transaction, the insider now directly owns 768,282 shares in the company, valued at approximately $23,955,032.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Thomas Wenstrand sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $28.35, for a total value of $198,450.00. Following the transaction, the insider now owns 30,380 shares in the company, valued at $861,273. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,830 shares of company stock worth $1,768,369. Insiders own 70.38% of the company’s stock.
NASDAQ:DLTH opened at $24.34 on Friday. Duluth Holdings Inc has a 12 month low of $15.13 and a 12 month high of $35.67. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The company has a market cap of $887.39 million, a price-to-earnings ratio of 36.32, a PEG ratio of 1.82 and a beta of 0.17.
Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, December 6th. The company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The business had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $104.68 million. Duluth had a return on equity of 14.28% and a net margin of 4.12%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. Equities research analysts forecast that Duluth Holdings Inc will post 0.83 earnings per share for the current year.
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Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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